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Car Finance Expert Q&A

Hi, I'm Edwin and I'm here to help you!
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Edwin Miles. Underwriting Manager

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High Income But Have Bad Credit & Need Car Finance

I earn 6 figures but I take a minimum wage and dividends.

I have a CCJ satisfied in 2011, 3 defaulted accounts which are also satisfied in 2011. I went through a bad patch. I am on electoral roll and have an accountant. I have a BMW 525 to P/X (bought 2004).

What are my options?

Posted by Felix on


Hi Felix, apologies for the delayed response.

We do have lenders that can help those with poor credit histories with finance, so we would be hopeful that we could help. In regards to the rate that you will receive if approved, this will be determined by the lender we can get you accepted with.

What is your part ex worth (approx) and how much are you looking to finance? As you take dividends we'd need your accountant to write a letter to confirm your earnings. You are on the electoral roll which will help too.

Please make an application and if approved, you can choose a car from any reputable dealer and we also provide a no obligation quote. Kind Regards, Edwin

Posted by on

Rate Edwin’s advice.

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Hi, I currently have poor credit as I went through a rough patch in last couple years. But I am now in full-time employment with a £70K salary but I have built a deposit.

I wanted to know what my options were to get credit for a car loan? I appreciate any assistance. Regards, Archie

Posted by Archie on


Hi Archie, thank you for your question.

As you are now employed, have a deposit and a large income, I'm pretty confident that we can help as we have many lenders that approve people with past credit problems.

Please make an application and if approved you can choose a car from any reputable dealer. Kind Regards, Edwin

Posted by on

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